Typical State Street modus operandi: Lay off the rank and file hardworking MA staff to subsidize chief executive Jay Hooley's 29% salary increase to an exorbitant $15.5 MILLION. Perhaps Jay Hooley will step up, show some leadership and volunteer to take a pay cut to save some of these jobs...as opposed to squeezing every penny from the complicit State Street board which approved his 29% increase.This happens year after year at State Street. Don't work at this back office white collar factory if you do not want to constantly worry about being laid off...year after year after year.State Street Staff: Ask your managers on Monday how Jay Holey gets an exorbitant 29% salary increase to $15.5 MILLION while 400 of your hardworking coworkers will be out on the street collecting their paltry unemployment checks...and see what b/s answers you get.
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Can you give us an example or two - I have totally different experience
If anyone was ever screwed by State Street, you might want to consider options to hit them where it hurts. Think about who are their business partners and where do State Street's customers come from. Apply pressure there and never yield. These rats have been screwing everyone for far too long (even their own clients - see past news on this) and deserves to be put out of their business.